Civic Intelligence

Jefferson County Library Foundation Inc.

990 • Fiscal year 2023 • EIN 23-7029313

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 05, 2024

10790 W 50th Ave Suite 200Wheat Ridge, CO 80033

(303) 403-5075

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.34x

Higher debt load relative to assets than 77% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.62x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$104,420

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

50th percentile

4.6%

Faster asset growth than 50% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

36th percentile

-1.0%

Faster revenue growth than 36% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,088,435

Up $47,530 (+4.6%) from 2022

Net Assets

Down

$715,185

Down $70,348 (-9.0%) from 2022

Liabilities

Up

$373,250

Up $117,878 (+46%) from 2022

Revenue

Down

$606,261

Down $5,912 (-1.0%) from 2022

Expenses

Up

$714,548

Up $85,807 (+14%) from 2022

Net Income

Down

-$108,287

Down $91,719 (-554%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $625,571Liabilities 2010: $10,478Net Assets 2010: $615,0932010Assets 2011: $608,843Liabilities 2011: $10,520Net Assets 2011: $598,3232011Assets 2012: $650,310Liabilities 2012: $12,642Net Assets 2012: $637,6682012Assets 2013: $725,878Liabilities 2013: $9,935Net Assets 2013: $715,9432013Assets 2014: $707,428Liabilities 2014: $5,808Net Assets 2014: $701,6202014Assets 2015: $676,262Liabilities 2015: $12,707Net Assets 2015: $663,5552015Assets 2016: $677,048Liabilities 2016: $16,385Net Assets 2016: $660,6632016Assets 2017: $865,077Liabilities 2017: $38,392Net Assets 2017: $826,6852017Assets 2018: $839,738Liabilities 2018: $36,271Net Assets 2018: $803,4672018Assets 2019: $891,560Liabilities 2019: $36,235Net Assets 2019: $855,3252019Assets 2020: $1,053,985Liabilities 2020: $211,902Net Assets 2020: $842,0832020Assets 2021: $1,232,014Liabilities 2021: $256,820Net Assets 2021: $975,1942021Assets 2022: $1,040,905Liabilities 2022: $255,372Net Assets 2022: $785,5332022Assets 2023: $1,088,435Liabilities 2023: $373,250Net Assets 2023: $715,1852023Assets 2024: $1,011,064Liabilities 2024: $338,803Net Assets 2024: $672,2612024

Highlighted filing

2023

Assets$1,088,435
Liabilities$373,250
Net Assets$715,185

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $374,9292010Expenses 2011: $415,6752011Expenses 2012: $424,7312012Revenue 2013: $460,134Expenses 2013: $447,168Net Income 2013: $12,9662013Revenue 2014: $437,740Expenses 2014: $444,263Net Income 2014: -$6,5232014Revenue 2015: $441,420Expenses 2015: $425,675Net Income 2015: $15,7452015Revenue 2016: $399,147Expenses 2016: $427,012Net Income 2016: -$27,8652016Revenue 2017: $484,543Expenses 2017: $380,694Net Income 2017: $103,8492017Revenue 2018: $523,548Expenses 2018: $504,460Net Income 2018: $19,0882018Revenue 2019: $508,196Expenses 2019: $536,255Net Income 2019: -$28,0592019Revenue 2020: $436,360Expenses 2020: $515,779Net Income 2020: -$79,4192020Revenue 2021: $772,518Expenses 2021: $708,176Net Income 2021: $64,3422021Revenue 2022: $612,173Expenses 2022: $628,741Net Income 2022: -$16,5682022Revenue 2023: $606,261Expenses 2023: $714,548Net Income 2023: -$108,2872023Revenue 2024: $817,396Expenses 2024: $878,518Net Income 2024: -$61,1222024

Highlighted filing

2023

Revenue$606,261
Expenses$714,548
Net Income-$108,287
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 5, 2024
Return Version
2023v5.0
Gross Receipts
$616,118
Mission and Program Overview

Mission

The jefferson county library foundation's mission is to support and enrich the capabilities, resources and services of the jefferson county public library through fundraising and advocacy efforts that benefit our diverse community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$640,161$678,100▲ $37,939
Cash and Non-Interest-Bearing Accounts$120,029$202,834▲ $82,805
Savings and Temporary Cash Investments$173,842$154,959▼ $18,883
Accounts Receivable$35,632--
Pledges and Grants Receivable$11,268$19,692▲ $8,424
Intangible Assets$45,694$19,687▼ $26,007
Prepaid Expenses and Deferred Charges$9,592$6,594▼ $2,998
Inventories for Sale or Use$4,687$6,569▲ $1,882
Total Assets$1,040,905$1,088,435▲ $47,530
Liabilities
Accounts Payable and Accrued Expenses$60,202$207,883▲ $147,681
Unsecured Notes Loans Payable$148,069$144,392▼ $3,677
Other Liabilities$47,101$20,975▼ $26,126
Total Liabilities$255,372$373,250▲ $117,878
Net Assets / Fund Balance
Net Assets With Donor Restrictions$651,429$697,792▲ $46,363
Net Assets Without Donor Restrictions$134,104$17,393▼ $116,711
Total Net Assets Fund Balance$785,533$715,185▼ $70,348
Total Liabilities and Net Assets / Fund Balance$1,040,905$1,088,435▲ $47,530

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$53,778--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$640,161-▲ $70,530$32,591$678,100
2022$813,255-▼ $136,611$36,483$640,161
2021$725,323$19,163▲ $69,565$796$813,255
2020$659,146$25,000▲ $76,957$35,780$725,323
2019$564,964$6,100▲ $88,842$760$659,146
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jo SchantzExecutive DiFT$93,300$11,120$104,420

Board Members and Trustees

NameTitle
Ana Rojas-articaPresident
Angela HahnDirector
Caleb AmyotDirector
Jessica NicholsDirector
Kirby EdwardsDirector
Linda FlemingDirector
Neal BrowneDirector
Tim RogersDirector
Cleo ArellanoSecretary
Ron BensonTreasurer
Deborah DealVice-pres
Revenue and Support

Revenue Composition

Contributions and Grants
$178,833
Program Service Revenue
$0
Investment Income
$34,979
Other Revenue
$392,449
All Other Contributions
$172,712
Change in Net Assets
$-108,287

Audited Revenue Reconciliation

Revenue per Audited Statements
$606,261
Revenue Not Reported on Form 990
$125,252
Total Revenue per Audited Statements
$731,513
Total Revenue per Form 990
$606,261
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$331,952
Salaries, Compensation, and Employee Benefits$276,788
Grants and Similar Amounts Paid$105,808
Total Fundraising Expense$92,629
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$76,668$22,726$33,016$132,410
Grants to Domestic Orgs$105,808--$105,808
Current Officers, Directors, Trustees, and Key Employees$60,187$18,654$25,579$104,420
Fees for Services Other$41,222$50,882$940$93,044
Occupancy$64,545$10,703$13,641$88,889
Office Expenses$19,902$16,548$1,379$37,829
Information Technology$15,091$9,024$6,499$30,614
Conferences and Meetings$21,271$587$624$22,482
Payroll Taxes$10,229$4,380$3,842$18,451
Other Employee Benefits$10,160$4,351$3,816$18,327
Other Expenses$7,267$406$10$7,683
Advertising$4,634$889$584$6,107
Travel$3,490$1,196$63$4,749
Interest-$3,981-$3,981
Pension Plan Contributions$1,763$755$662$3,180
Total Functional Expenses$453,138$168,781$92,629$714,548

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$801,861
Expenses per Audited Statements$714,548
Total Expenses per Form 990$714,548
Expenses Not Reported on Form 990$87,313
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jefferson County LibraryLakewood, COGovReading Programs$105,808
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$241,246
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Used Book Sales$241,246$241,246-$241,246
Total Events$241,246$241,246-$241,246
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$20,220
Refundable Advance$755
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The finance committee of the board of directors reviews the form 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

Each member of the governing body annually signs a code of conduct form that reinforces the independence of members of the governing body.

Form 990, Page 6, Part VI, Line 15A

Compensation of employees is based on merit and the existing pay schedule and determination by the board of directors.

Form 990, Page 6, Part VI, Line 15B

Compensation of employees is based on merit and the existing pay schedule and determination by the board of directors.

Form 990, Page 6, Part VI, Line 19

The 990 is available to online giving website, and also upon request.

Filing and Contact Details

Filer

Filer Name
Jefferson County Library Foundation
EIN
23-7029313
Phone
3034035075
Address
10790 W 50TH AVE SUITE 200, WHEAT RIDGE, CO 80033

Signing Officer

Name
Jo Schantz
Title
Executive Director
Phone
3034035075
Signed
2024-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jo Schantz
Formed
1969
Legal Domicile
Co
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
223

Preparer

Firm
Jds Professional Group
Address
10303 E DRY CREEK RD STE 400, ENGLEWOOD, CO 80112
Preparer
Lori B Bauer CPA
Phone
3037710123
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The jefferson county library foundation's mission is to support and enrich the capabilities, resources and services of the jefferson county public library through fundraising and advocacy efforts that benefit our diverse community.

Form 990, Page 2, Part III, Line 4A

Literacy and reading the annual summer reading program promotes reading for children and teens throughout the summer months so they don't lose their literacy skills - something known in educational circles as the "summer slide." the program also encourages parents and other adults to participate and serve as reading role models. Schools are also part of the program, and jclf provides cash prizes to five jeffco schools (ranging from elementary to high school) for the student population that reads the most number of minutes during the eight-week program. Early childhood literacy jclf helps support various programs under this umbrella, including: raise a reader, 1000 books before kindergarten and babies first books. Raise a reader provides a series of library-sponsored events and activities that encourage parents and caregivers to sing, write, read, play and talk - activities that engage and encourage children to gain essential early literacy skills. 1000 books before kindergarten is a year-round program for children ages 0-5, and one that promotes pre-reading abilities (by having families read together) and assists parents/caregivers in selecting appropriate reading materials and in serving as their child's first teacher. Babies first books is an early literacy program aimed at new and first-time parents in jeffco. Free books of nursery rhymes (in english and spanish) are distributed via hospitals, wic, health clinics, etc., with a goal to encourage reading to infants as a way to develop a child's comprehension of language and a way to promote the special bond between parents and babies.

Form 990, Part IX, Line 11G

Contract labor 41,222 28,902 940 accounting 0 21,980 0 total 41,222 50,882 940

Form 990, Part XI, Line 9

Change in value of beneficial interest 37,939

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The organization uses endowment funds for program expenses.

Schedule D, Page 3, Part X

Management believes that the foundation has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

Schedule D, Page 4, Part XI, Line 2D

Change in value of beneficial interest 37,939

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IRS990/Desc0LITERACY AND READING THE ANNUAL SUMMER READING PROGRAM PROMOTES READING FOR CHILDREN AND TEENS THROUGHOUT THE SUMMER MONTHS SO THEY DON'T LOSE THEIR LITERACY SKILLS - SOMETHING KNOWN IN EDUCATIONAL CIRCLES AS THE "SUMMER SLIDE." THE PROGRAM ALSO ENCOURAGES PARENTS AND OTHER ADULTS TO PARTICIPATE AND SERVE AS READING ROLE MODELS. SCHOOLS ARE ALSO PART OF THE PROGRAM, AND JCLF PROVIDES CASH PRIZES TO FIVE JEFFCO SCHOOLS (RANGING FROM ELEMENTARY TO HIGH SCHOOL) FOR THE STUDENT POPULATION THAT READS THE MOST NUMBER OF MINUTES DURING THE EIGHT-WEEK PROGRAM. EARLY CHILDHOOD LITERACY JCLF HELPS SUPPORT VARIOUS PROGRAMS UNDER THIS UMBRELLA, INCLUDING: RAISE A READER, 1000 BOOKS BEFORE KINDERGARTEN AND BABIES FIRST BOOKS. RAISE A READER PROVIDES A SERIES OF LIBRARY-SPONSORED EVENTS AND ACTIVITIES THAT ENCOURAGE PARENTS AND CAREGIVERS TO SING, WRITE, READ, PLAY AND TALK - ACTIVITIES THAT ENGAGE AND ENCOURAGE CHILDREN TO GAIN ESSENTIAL EARLY LITERACY SKILLS. 1000 BOOKS BEFORE KINDERGARTEN IS A YEAR-ROUND PROGRAM FOR CHILDREN AGES 0-5, AND ONE THAT PROMOTES PRE-READING ABILITIES (BY HAVING FAMILIES READ TOGETHER) AND ASSISTS PARENTS/CAREGIVERS IN SELECTING APPROPRIATE READING MATERIALS AND IN SERVING AS THEIR CHILD'S FIRST TEACHER. BABIES FIRST BOOKS IS AN EARLY LITERACY PROGRAM AIMED AT NEW AND FIRST-TIME PARENTS IN JEFFCO. FREE BOOKS OF NURSERY RHYMES (IN ENGLISH AND SPANISH) ARE DISTRIBUTED VIA HOSPITALS, WIC, HEALTH CLINICS, ETC., WITH A GOAL TO ENCOURAGE READING TO INFANTS AS A WAY TO DEVELOP A CHILD'S COMPREHENSION OF LANGUAGE AND A WAY TO PROMOTE THE SPECIAL BOND BETWEEN PARENTS AND BABIES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
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IRS990/PensionPlanContributionsGrp/TotalAmt03180
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06594
IRS990/PrincipalOfficerNm0JO SCHANTZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0VOLUNTEER SUPPORT: PROVIDES OVERSIGHT AND RECOGNITION OF THE FRIENDS OF THE JEFFERSON COUNTY PUBLIC LIBRARY MEMBERSHIP GROUP AND OTHER VOLUNTEERS THAT ASSIST WITH THE FOUNDATION'S PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt040311
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYExcessBenefitTransInd0false
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IRS990/PYOtherRevenueAmt0377597
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IRS990/PYTotalRevenueAmt0612173
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-108287
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0173842
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0154959
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISC 1,832
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0286178
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0298
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01832
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IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0102279
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IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0453138
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0NO LOBBYING IN 2020 - 2023.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-A
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt019163
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.34$0.67$0.82$0.88$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.09$0.37$0.72$0.61$0.71$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.26$0.79$0.61$0.63$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.26$0.98$0.77$0.71$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.21$0.84$0.44$0.52$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.04$0.86$0.51$0.54$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.04$0.80$0.52$0.50$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.04$0.83$0.48$0.38$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.02$0.66$0.40$0.43$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.68$0.01$0.66$0.44$0.43$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.71$0.01$0.70$0.44$0.44$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.73$0.01$0.72$0.46$0.45$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.01$0.64$0.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.01$0.60$0.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.01$0.62$0.37